Rolls-Royce, Lockheed Ink $1B Airplane Engine Deal

Law360, New York (February 12, 2014, 12:09 PM EST) -- British engine manufacturer Rolls-Royce Holdings PLC said Wednesday it has struck a $1 billion deal with aerospace defense and technology company Lockheed Martin Corp. to design approximately 600 engines that will power a new wave of military airplanes.

The agreement, which will run through 2018, ensures that all versions of the C-130J Super Hercules aircraft will be equipped with Rolls-Royce's AE 2100 engine.

The C-130J Super Hercules is the latest incarnation of the the C-130 military transport aircraft, which has been in continuous production since the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.